Annual Review 2013

Annual Review 2013

James C. Smith

James C. Smith

PRESIDENT AND CHIEF EXECUTIVE OFFICER

Jim began his career as a journalist and rose through the ranks at Thomson Newspapers to become responsible for operations in North America. He then led a number of professional publishing businesses serving the legal, regulatory and academic markets. He served as global head of Human Resources before becoming Chief Operating Officer of The Thomson Corporation. Following the acquisition of Reuters in 2008, Jim ran the Professional division of the combined company. He was named Chief Executive Officer in January 2012.

Jim is a member of the International Business Council of the World Economic Forum and the Board of Directors of the Brazil-U.S. Business Council. He also serves on the International Advisory Boards of British American Business and the Atlantic Council.

Jim graduated from Marshall University.

Stephane Bello

Stephane Bello

Executive Vice President and Chief Financial Officer

Stephane assumed his current role in January 2012 after serving as Chief Financial Officer of the company’s Professional division for four years. Stephane joined the company in 2001 as Senior Vice President and Treasurer of The Thomson Corporation, with responsibility for the company’s global treasury operations, risk management, capital markets and mergers and acquisitions activities.

Prior to joining the company, Stephane held several positions at General Motors in its treasury division, including regional Treasurer of General Motors Europe and Assistant Treasurer of General Motors in New York. Stephane holds degrees in law and economic law from the Université libre de Bruxelles and is fluent in French, Spanish and English.

Gus Carlson

Gus Carlson

Executive Vice President and
Chief Communications Officer

Gus’ relationship with the company dates back to 2006, when he joined The Thomson Corporation as Chief Communications Officer. Two years later, as Chief Marketing and Communications Officer, he oversaw the creation and launch of the Thomson Reuters brand, which debuted among the top 50 most valuable global brands.

Gus has held senior communications positions with Accenture, Standard & Poor’s, Barnes & Noble, PaineWebber and Hill and Knowlton. He is also a former business journalist, having worked as an editor for The New York Times and Miami Herald, where he was a member of the editorial staff awarded the Pulitzer Prize for coverage of Hurricane Andrew and its aftermath in 1992.

Gus is a graduate of Queen’s University in Kingston, Ontario, Canada and also attended the University of California, Santa Barbara.

David W. Craig

David W. Craig

President, Financial & Risk

David joined the company in 2007, serving first as Chief Strategy Officer of Thomson Reuters. He subsequently became founder and President of our Governance, Risk & Compliance business.

Previously, David was with McKinsey & Company where he was a Partner in the Global Business Technology Office, advising banks and technology and media companies, as well as co-leading the global IT Strategy Practice and the Outsourcing and Offshoring Practice. Prior to McKinsey, he was a Senior Principal at American Management Systems. David started his career in manufacturing engineering.

He has an engineering degree in electronics and communications from the University of Bristol. David is on the Board of the Thomson Reuters Foundation and on the advisory boards of the Atlantic Council and TheCityUK.

Carla Jones

Carla Jones

Senior Vice President, Office of the Chief Executive Officer

Carla leads the management of the Office of the Chief Executive Officer and oversees strategic communications with the Thomson Reuters Board of Directors.

In her 17 years with the company, she has held a number of leadership roles, including Senior Vice President of Communications for the Professional division and Vice President, Office of the Chief Executive Officer for Thomson, where she played an integral role in the integration of Reuters in 2008. Prior to that, she was Director of Financial Planning for Thomson Newspapers.

Carla holds a bachelor’s degree in Accounting and Finance from Eastern New Mexico University. She sits on the Boards of the Women's Business Development Council of Connecticut and BuildOn, a non-profit agency that empowers youth through education.

Richard H. King

Richard H. King

Executive Vice President and

Chief Operating Officer, Technology

Rick joined the company in 2000 and has held a number of executive roles, including Chief Technology Officer of both the Professional division of Thomson Reuters and Thomson Reuters Legal. Prior to joining the company, he held executive positions at Ceridian Employer Services, Jostens Learning and WICAT Systems, Inc. Rick began his career as a teacher and coach.

Rick earned bachelor’s and master’s degrees from the University of Vermont.

Gonzalo Lissarrague

Gonzalo Lissarrague

President, Global Growth & Operations

Gonzalo joined La Ley, an Argentine legal content company, in 1991, and held a number of positions in editorial, marketing, sales and strategy. Gonzalo played a key role during La Ley’s acquisition by Thomson in 2000 and was appointed Managing Director, Argentina, for the Legal and Tax & Accounting businesses in 2004. Since the formation of Global Growth & Operations in 2012, Gonzalo has been Managing Director of Latin America; he was appointed President of Global Growth & Operations in December 2013.

Gonzalo holds degrees from the Universidad de Buenos Aires (Attorney at Law) and the IAE Business School at the Universidad Austral (Management Development program).

Neil Masterson

Neil Masterson

executive vice president and
Chief transformation officer

Before taking up his current role in 2013, Neil was Managing Director of the Investor segment, following several management roles in the Financial & Risk business. Prior to that, he served as Vice President, Treasury and Corporate Planning for Thomson Reuters.

Prior to joining Thomson, Neil spent two years at Reuters as Senior Vice President of Business Development. Before immigrating to the United States, he spent five years working in the UK retailing industry.

Neil graduated from University College, London and began his career at KPMG in London, where he qualified as a Chartered Accountant.

Basil Moftah

Basil Moftah

President, Intellectual Property & Science

Basil began his career with the company in Egypt in 1997 and has served in a number of roles, including Managing Director for Middle East, Africa & Russia, Head of Rapidly Developing Economies for financial clients, Investment Associate for the Reuters Venture Capital Group, and Head of Business Direct in EMEA. He has worked extensively in a number of countries for Thomson Reuters including Dubai, USA, UK, Italy and Switzerland.

Basil holds a bachelor’s degree in mechanical engineering from the American University in Cairo and an MBA from Harvard Business School.

Brian Peccarelli

Brian Peccarelli

President, Tax & Accounting

Brian joined the company in 1984 as a product accountant, and has since held roles as director of client development, VP of the corporate services market, and General Manager for RIA Compliance. He served most recently as President of Workflow & Service Solutions within our Tax & Accounting business.

He is a CPA and an attorney, and is a member of the State Bar of Texas, the American Bar Association, the Texas Society of CPAs, and the American Institute of Certified Public Accountants (AICPA). He received a JD from Hamline University School of Law, a BA in accounting and business administration from Carthage College and an MBA from Southern Methodist University.

James T. Powell

James T. Powell

Executive Vice President and Chief Technology Officer

James has been with the company for over 20 years, serving in a variety of leadership roles, including CTO for the former Markets division and the Reuters Financial division and global head of product development. Previously, he held senior leadership positions at Solace Systems, Citadel Investment Group and TIBCO Finance Technology.

James earned a BSc in mathematics and an MSc in industrial robotics from Imperial College, London.

Andrew Rashbass

Andrew Rashbass

CHIEF EXECUTIVE, REUTERS

Prior to joining Thomson Reuters in 2013, Andrew was chief executive of The Economist Group, where he previously served as the publisher of The Economist and managing director of Economist.com.

Before joining The Economist Group in 1997, Andrew worked at Associated Newspapers. He started his career at Andersen Consulting, now called Accenture.

Brian Scanlon

Brian Scanlon

Executive Vice President and Chief Strategy Officer

Brian joined Thomson Reuters in January 2014. He spent the previous 14 years at McKinsey & Company, with eight of those years as a partner. Most recently, he was a partner in the Corporate Finance & Strategy practice in Stamford, Connecticut, where he advised C-level executives at Fortune 100 technology, financial services and private equity companies on strategy, portfolio management, resource allocation and M&A issues. During that time he served as the CFO for the northeast offices, McKinsey’s largest region, and built and led the Corporate Finance & Strategy practice for the North American industrial sector. Prior to this, Brian spent three years as the Managing Partner of McKinsey’s South East Asian Private Equity practice in Singapore. Before joining McKinsey, Brian was a senior accountant and consultant at Arthur Andersen.

He has a BS in accountancy from Villanova University and an MBA from Harvard Business School.

Deirdre Stanley

Deirdre Stanley

Executive Vice President, General Counsel and

Board Secretary

Prior to joining the company as General Counsel in 2002, Deirdre held various legal and senior executive positions, including Deputy General Counsel, at IAC (previously USA Networks, Inc.). From 1997 to 1999, Deirdre served as Associate General Counsel for GTE Corporation (a predecessor company to Verizon), where she headed the mergers and acquisitions practice group. She began her career as a corporate associate with the law firm of Cravath, Swaine & Moore.

Deirdre is a member of the Board of Directors of the Association of Corporate Counsel (ACC), and is a member of the Executive Leadership Council.

She holds a bachelor’s degree from Duke University and a JD from Harvard Law School, where she was a member of the Harvard Law Review.

Susan Taylor Martin

Susan Taylor Martin

President, Legal

Susan joined the company in 1993 and has held a number of management roles, including Managing Director of Thomson Reuters Legal in the UK and Ireland, President of Reuters Media and Global Head of Corporate Strategy for Reuters. Before joining the company, Susan worked in corporate finance, specializing in mergers and acquisitions. She is a non-executive director of Whitbread, the UK’s leading hospitality company.

Susan has an MA (Cantab) in Chinese and history of art from St. John’s College, Cambridge and an MBA from Harvard Business School.

Peter Warwick

Peter Warwick

Chief People Officer

Peter’s previous roles with the company include Chief Operating Officer of the Professional division of Thomson Reuters and President and CEO of Thomson Reuters Legal.

Before joining Thomson West in 2005, Peter was president and CEO of Thomson Tax & Accounting, and before that CEO of Thomson Legal & Regulatory Asia Pacific, where he was responsible for businesses in Australia, New Zealand, Hong Kong, Malaysia and Singapore. Peter has worked in the publishing and information industry for more than 25 years. Prior to joining Thomson in 1998, he served as managing director of Pitman Publishing, deputy chief executive of the Longman Group and chief executive of Pearson Professional in London.

He has a bachelor’s degree from the University of Bristol and a doctorate from the University of York.

David Thomson

David Thomson

Chairman, Thomson Reuters

Chairman, The Woodbridge Company Limited

David is Chairman of Thomson Reuters. He is also a Chairman of Woodbridge, the Thomson family investment company, and Chairman of The Globe and Mail Inc., a Canadian media company. David is an active private investor with a focus on real estate and serves on the boards of several private companies.

David has an MA from Cambridge University.

James C. Smith

James C. Smith

PRESIDENT AND CHIEF EXECUTIVE OFFICER

Jim began his career as a journalist and rose through the ranks at Thomson Newspapers to become responsible for operations in North America. He then led a number of professional publishing businesses serving the legal, regulatory and academic markets. He served as global head of Human Resources before becoming Chief Operating Officer of The Thomson Corporation. Following the acquisition of Reuters in 2008, Jim ran the Professional division of the combined company. He was named Chief Executive Officer in January 2012.

Jim is a member of the International Business Council of the World Economic Forum and the Board of Directors of the Brazil-U.S. Business Council. He also serves on the International Advisory Boards of British American Business and the Atlantic Council.

Jim graduated from Marshall University.

Manvinder S. Banga

Manvinder S. Banga

Operating Partner, Clayton, Dubilier & Rice, LLC

Manvinder (Vindi) joined Clayton, Dubilier & Rice, LLC, a private equity investment firm, as an Operating Partner based in London in June 2010. Prior to that, he held a number of senior executive positions over his 33-year career with Unilever, including President, Food, Home & Personal Care of Unilever PLC, Business Group President of Unilever’s Home and Personal Care business in Asia and Chairman and Managing Director of Hindustan Unilever Ltd. He is a member of the Prime Minister of India’s Council on Trade & Industry. Vindi is also a director of Marks and Spencer plc and B&M Stores Ltd.

Vindi is a graduate of the Indian Institute of Technology (IIT), Delhi, where he completed his Bachelor of Technology in mechanical engineering, and the IIM Ahmedabad, where he obtained a postgraduate degree in management.

David W. Binet

David W. Binet

President, The Woodbridge Company Limited

David is President and a director of Woodbridge, the Thomson family investment company. Prior to January 2013, he held a number of senior positions at Woodbridge over a 14-year period, including Chief Operating Officer. David is a director of The Globe and Mail Inc., a Canadian media company, and of a number of other companies in which Woodbridge is invested. He is also Chairman of the Thomson Reuters Foundation. Prior to joining Woodbridge in 1999, he was a partner at a major law firm.

David has a law degree from McGill University, a BA from Queen’s University and a graduate degree in journalism from Northwestern University.

Mary Cirillo

Mary Cirillo

Corporate Director

Mary was Chair and Chief Executive Officer of Opcenter, LLC, an Internet consulting firm, from 2000 to 2003. Prior to that, she was a senior banking executive at Bankers Trust and Citibank for over 20 years. Mary is a member of the Advisory Board of Hudson Venture Partners, L.P., a venture capital firm, and serves on the boards of Dealer Track Holdings Inc. and Ace Ltd., as well as several cultural and educational organizations.

Mary has a BA from Hunter College.

Steven A. Denning

Steven A. Denning

Chairman, General Atlantic LLC

Steven is Chairman and a Managing Director of General Atlantic LLC, a global growth private equity firm. He has been with General Atlantic (or its predecessor) since 1980. Steven serves on the boards of several cultural and educational organizations.

Steven has a BS degree from the Georgia Institute of Technology and an MBA from the Graduate School of Business, Stanford University.

Lawton W. Fitt

Lawton W. Fitt

Corporate Director

Lawton joined the board of Reuters in 2004. She served as Secretary (CEO) of the Royal Academy of Arts in London from 2002 to 2005. Prior to that, she was an investment banker with Goldman Sachs & Co., where she became a partner in 1994 and a managing director in 1996. She is a director of several not-for-profit organizations, in addition to CIENA Corporation, The Carlyle Group and The Progressive Corporation.

Lawton has a bachelor’s degree from Brown University and an MBA from the University of Virginia.

Sir Deryck Maughan

Sir Deryck Maughan

Senior Advisor, Kohlberg Kravis Roberts & Co.

Sir Deryck is a Senior Advisor at Kohlberg Kravis Roberts & Co. (KKR), a global asset management company. He has held a number of senior positions since joining the firm in 2005, including Partner and Head of the Financial Services Industry team within KKR’s Private Equity platform, and Chairman of KKR Asia. Sir Deryck was Chairman and Chief Executive Officer of Citigroup International until 2004 and served as Vice Chairman of the New York Stock Exchange from 1996 to 2000. He joined the board of Reuters in 2005. He also serves on the boards of several charitable organizations, in addition to GlaxoSmithKline plc and BlackRock Inc.

Sir Deryck is a graduate of King’s College, University of London and the Graduate School of Business, Stanford University.

Ken Olisa, OBE

Ken Olisa, OBE

Founder and Chairman, Restoration Partners

Ken is Founder and Chairman of Restoration Partners, a boutique technology merchant bank advising and investing in IT companies. He joined the board of Reuters in 2004. From 1992 to 2006, Ken was Chair and CEO of Interregnum PLC, a technology merchant bank. Prior to that, he was a senior executive for over 20 years at Wang Labs and IBM. From 1995 to 2000, he was a director of Open Text Corporation, and of Eurasian Natural Resources Corporation from 2007 until 2011. He serves on the boards of several UK not-for-profit organizations.

Ken has an MA from Fitzwilliam College, Cambridge.

Vance K. Opperman

Vance K. Opperman

President & Chief Executive Officer, Key Investment, Inc.

Vance is President and Chief Executive Officer of Key Investment, Inc., a private investment company involved in publishing and other activities, and Lead Independent Director of Thomson Reuters. Previously, Vance was President of West Publishing Company, a provider of legal and business research which is now owned by Thomson Reuters. He is Chairman of the Board of Blue Cross and Blue Shield of Minnesota, and a director of TCF Financial Corporation. He also serves on the boards of several educational and not-for-profit organizations.

Vance has a law degree from the University of Minnesota and practiced law for many years.

John M. Thompson

John M. Thompson

Corporate Director

John served as non-executive Chairman of the Board of The Toronto-Dominion Bank, a Canadian financial institution, for eight years until January 1, 2011. Prior to that, he was Vice Chairman of the Board of IBM from 2000 to 2002. John also held a number of senior management positions in his career at IBM, including oversight of the company’s worldwide technology, manufacturing and business strategy.

John is a graduate of the University of Western Ontario with a degree in engineering science, and completed executive management programs at the Richard Ivey School of Business at the University of Western Ontario and the Kellogg Graduate School of Business at Northwestern University. He was previously Chancellor of the University of Western Ontario.

Peter J. Thomson

Peter J. Thomson

Chairman, The Woodbridge Company Limited

Peter is a Chairman of Woodbridge, the Thomson family investment company. He is an active private equity investor and serves on the boards of several private companies.

Peter has a BA from the University of Western Ontario.

Wulf von Schimmelmann

Wulf von Schimmelmann

Corporate Director

From 1999 to June 2007, Wulf was Chief Executive Officer of Deutsche Postbank AG, where he transformed the organization from a check processing division of Deutsche Post to one of Germany’s leading retail banks. Since 2008, he has served as Chairman of the Supervisory Board of Deutsche Post DHL AG, an international leader in mail and logistics services. He also serves as a member of the Supervisory Boards of both Maxingvest AG and Allianz Deutschland AG and as a director of Accenture Ltd., as well as Western Union. Prior to his lengthy career in banking, he was a partner at McKinsey & Co., working in Switzerland, the U.S. and Germany. He was also previously a member of the Supervisory Board of Deutsche Teleknow and Chair of BAWAG P.S.K.

Wulf received a degree in economic sciences and his PhD in economics from the University of Zurich.